Thursday, 2 February, 2023
TopicEconomy

Topic: Economy

Indian shares hit over one-month high as IT, auto stocks rise

Asian stock markets climbed Monday on hopes that the Fed might sound less aggressive about rate hikes.

Reliance reports flat profit amid export taxes and weak refining margins

The Indian government's decision to levy windfall tax on exports of gasoline, diesel and aviation fuels hit profit by 40.39 billion INR, Reliance said.

India’s fiscal, monetary authorities to be watchful amid ‘global gloom’, finance ministry

Measures undertaken by the govt to reduce burden of soaring inflation on consumers,by increasing fertiliser subsidies & other welfare measures, could stress finances, reports stated.

Rupee likely to slip on concerns over US yields as Asian currencies extend losses

The rupee is tipped at around 82.82-82.86 to the dollar at open compared with 82.76 in the previous session. On Thursday, rupee dipped to a record low of 83.25.

India has sufficient foreign reserves & deficit to remain sustainable, as per Fitch Ratings

The ratings agency added that India's public finances remain the key driver of the country's sovereign rating and its limited reliance on external financing helps.

Central govt allows exports of wheat flour processed from imported grain

India will allow food processors to import duty-free wheat against a commitment to export flour, the order said.

UK PM Liz Truss rethinking tax-cut plans amid vocal criticism of economic strategy

The government has repeatedly said it would stick to most of her tax cut plans while also protecting public spending, but economists and critics say something has to give.

Passenger vehicle sales nearly double in Sept vs year ago after semiconductor shortages ease

With demand high during festive season, sales doubled to 3,07,389 units from a year ago, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday.

Share prices surge with decline in global oil rates, Sensex crosses 57,200, Nifty over 17,000

India, the world's third-biggest importer and consumer of oil, benefits from a fall in prices as it brings down imported inflation.

Inflation at just 3 per cent—why Japan’s economy is doing much better than fellow G7 nations

The US had inflation of 8.3 per cent in the same month, Canada stood at 7 per cent, and the UK at 9.9 per cent. So why are things different in Japan?

On Camera

YourTurn

File photo of smog in Delhi. Some doctors have called air pollution a bigger threat than Covid-19.| Photo: Suraj Singh Bisht | ThePrint

Air quality is better but not enough to banish air purifiers. Here are options for your room & car

What’s the solution for people who cannot leave Delhi? Air purifiers from Dyson's expensive range to Xiaomi's affordable ones can be of help.

NFRA to conduct audit quality inspections of five audit firms

New Delhi, Nov 16 (PTI) The National Financial Reporting Authority (NFRA) will carry out audit quality inspections of five audit firms, including the...

Defence

The Defence Services Staff College in Wellington | Image credit: dssc.gov.in

In a first, six women officers to enter prestigious Defence Services Staff College

As many as 15 women appeared for the examination, out of which six were selected, including one who has made it to the course along with her husband. 

Why military is more for asserting political will, not just about controlling territory

No matter what tactics, doctrine, or weapon system is used, the objective of any war is to control territory, argues Gen. MM Naravane (retd). But it's politics that matters most.